Slowdown In Indian Economy More Cyclical Than Structural Says CEA

Krishnamurthy Subramanian, Chief Economic Advisor, Government of India, said that the current slowdown in the Indian economy is more cyclical than structural in nature and the government has a well-thought-out agenda for reforms. Speaking at the 'FICCI Young Leaders Summit: The New Indian for a New India', Subramanian said that private investment is the key driver of economic growth and consumption is a force multiplier. Subramanian further pointed out that there has been no change in the demographics, demand, and the ability of companies to supply things. The government is now doing a lot of reforms, and reforms enhance the productivity of the economy. We are taking all the steps that are necessary, he added.

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